November 14, 2016 - The court granted defendants' motion to dismiss with prejudice and closed the case.
July 22, 2016 - The court granted defendants' motion to dismiss with leave to amend.

November 25, 2015 - Defendants filed a motion to dismiss.

September 28, 2015 - The lead plaintiff filed an amended complaint.

July 16, 2015 - Lead plaintiff and lead counsel were appointed.

September 8, 2014 - Lead plaintiff motions were filed.

July 8, 2014 - An investor in shares of VOXX International Corporation (NASDAQ: VOXX) filed a lawsuit in the U.S. District Court for the the Eastern District of New York against VOXX International Corporation over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between May 15, 2013 and May 14, 2014.

According to the complaint the plaintiff alleges on behalf of purchasers of VOXX International Corporation (NASDAQ: VOXX) common shares between May 15, 2013 and May 14, 2014, that the defendants violated Federal Securities Laws.

More specifically, the plaintiff claims that between May 15, 2013 and May 14, 2014 VOXX International Corporation issued allegedly materially false and misleading statements regarding VOXX International Corporation’s financial performance and future prospects and failed to disclose that VOXX International Corporation was experiencing declining headphone sales in its Premium Audio segment, that VOXX International Corporation was experiencing a greater than expected sales decline in its Consumer Accessories segment, that VOXX International Corporation failed to timely record losses for its Hirschmann, Invision and Klipsch acquisitions, trademarks of various brands, and its Technuity business, among other things, thereby materially overstating VOXX International Corporation‘s financial condition and misstating its financial results and financial statements; and that as a result of the foregoing, Defendants lacked a reasonable basis for their positive statements about VOXX International Corporation’s financial performance and outlook between May 15, 2013 and May 14, 2014.

VOXX International Corporation reported that its Total Revenue rose from $707.06 million for the 12 months period that ended on February 29, 2012 to $835.58 million for the 12 months period that ended on February 28, 2013, while its respective Net Income declined from $25.65 million to $22.49 million. Shares of VOXX International Corporation (NASDAQ: VOXX) grew from $2.32 per share in March 2009 to as high as $16.99 per share on January 7, 2014.

On January 9, 2014, VOXX International Corporation held a conference call with analysts and investors.

The plaintiff says that with regard to VOXX International Corporation’s outlook for fiscal 2014, Defendants lowered their sales guidance from $840 million to $825-$830 million, raised their EBITDA guidance from $62 million to $65 million, and reiterated their gross margin guidance of 28.8%.

Then on May 14, 2014, VOXX International Corporation (NASDAQ: VOXX) reported its fourth quarter and full year results for its fiscal year 2014. VOXX International Corporation reported that its Total Revenue declined from $835.58 million for the 12 months period that ended on February 28, 2013 to $809.71 million for the 12 months period that ended on February 28, 2014 and that its Net Income of $22.49 million for the 12 months period that ended on February 28, 2013 declined to a Net Loss of $26.60 million for the 12 months period that ended on February 28, 2014. Shares of VOXX International Corporation (NASDAQ: VOXX) declined to as low as $7.51 per share on May 15, 2014.